How To Start A Successful Network Marketing Business – Tips For Network Marketing Beginners

Network Marketing is a great business for any motivated person. Due to this business model any ambitious individual now has the opportunity for increased wealth and personal growth. Network Marketing is the only business model that provides a residual income that continue to increased over time to you and your heirs with a steady, dependable cash flow, even if you are unable to work. It is better than having money in the bank and living off the interest. Thousands around the world have had immense success with a five digit network marketing income figure monthly with this business model.

There are basically two ways to start an MLM Business. But before we go into that lets take a look at a few questions Network Marketing beginners must ask them selves and find out.

1- What are the products offered by the company?
2- Is the product consumable and has little or no competition? Is it used on a daily basis?
3- What are my possibilities of earning with the MLM Company (Compensation or Pay Plan)?
4- How much am I willing to spend every month on my MLM Business?
5- Am I going to accept support and guidance from my sponsor to help me grow my business?
6- What is the starting cost and sign up product packages of the MLM Company?

These questions are intended to help you make a decision on the company you want to join and can be investigated from the websites of most MLM Companies or company brochures. If your answers to the above questions are very positive, then you can now confidently start your Network Marketing business using one of the approaches as explained below.

The first way to start is by using the Traditional Network Marketing business model. In all old school MLM Companies, the leaders are often good speakers, or they are recruiters with a large social circle. The usual way of prospecting is by a three way system. To elaborate further this is referred by a few names, one such referral is the ABC or Advisor, Bridge and customer system.

To be an Advisor you will need to be able to have good oratorical skills. To be the Bridge you will be a traffic middle man, introducing your large pool of contacts to the Advisor. The customer is the prospect. The Advisor and Bridge work together to bring new reps into the system. Should persuading people verbally and inviting contacts to events come naturally and you feel good the benefits of your company and products can bring to your prospects then this is one route you can take.

The second way to start a network marketing business is utilizes the power of the internet.

The main difference lies in the duplication system. Instead of following up with invites and calling, leads are qualified using sales ads and email marketing. Prospects fill up a form expressing their interest and upon receipt of a link in their email, will click that link to confirm the email is valid. Messages will be sent to the prospect educating them about the automated internet MLM system and how to market it online. New enrollees then join the business by clicking on links that lead them to payment processing pages where they pay for their start up cost and signup packages by credit card. Upon joining, they will proceed to market the same system that brought them in.

The benefits to such a system removes the element of cold calling and speaking to strangers, untargeted prospects. Rather than teach someone who has not put down any commitment to work a business; it is more fruitful to spend one’s energy and time working with a prospect qualified by the automated system. Some people who do not find success in the first business model have found it in the second.

My Recommendation to Network Marketing beginners is to use the second model as it is easy, fast and save time. Why?

Wealth = Physical Resources x Technology

That is, we can increase our wealth by changing our technology, regardless of our physical resources. So if your time is limited, use technology to increase your wealth. If you are not smart as your neighbor, use technology to increase your wealth. If you are not tall, athletic, handsome, educated etc., simply use the technology of the day to improve your wealth.

Technology does not refer to computers! It is not fancy machinery! It is something that is available to every one. Technology is simply knowledge. If you have read this article to this point, you already have the knowledge to start your own Network Marketing Business to make money and become totally financially free.

In this case, the technology is network Marketing. All you need to succeed in your MLM business is Commitment, Energy and Enthusiasm.

Top 10 Business Plan Myths of Solo Entrepreneurs

A recent study of 29,000 business startups noted that 26,000 of them failed. Of those failures, 67% had no written business plan. Think that’s a coincidence?

Here’s the top 10 myths Solo Entrepreneurs often have about business plans-usually, the reasons why they don’t have one. De-bunk the myths, and see how having a business plan for your solo business, can actually be easy and fun–and can jumpstart your success!

1. Myth: I don’t need a business plan–it’s just me!

Starting a business without a plan is like taking a trip in a foreign country without a map. You might have a lot of fun along the way, and meet a lot of friends, but you are likely to end up at a very different place than you originally set out for-and you might have to phone home for funds for your return ticket.

Solo Entrepreneur Reality: Successful Solo Entrepreneurs know that the exercise of creating a plan for their business really helps them think through all the critical aspects of running a business, make better business decisions, and get to profitability sooner.

2. Myth: I have to buy business plan software before I can start.

Business plan software comes in many shapes and sizes, and prices. Many are more geared at small and growing businesses with employees.

Solo Entrepreneur Reality: Software can be helpful-but it’s not required. Software is more likely to help if you have a more traditional type business, like a restaurant or a typical consulting business.

3. Myth: I need to hire a consultant to write my business plan.

Consultants are expensive and don’t really know as much about your business as you do!

Solo Entrepreneur Reality: Your business IS you-and you need to be intimately involved with the creation of your business plan. A better strategy, if you think you need professional help, is to hire a coach or mentor-someone who can guide you in what you need to do, not do it for you.

4. Myth: The business plan templates I’ve seen have all these complex-sounding sections to them-I guess I need all those?

The only time you need to follow a specific outline is if you are looking for funding.

Solo Entrepreneur Reality: Your business plan needs to answer ten basic questions-that’s it! Don’t make things more complicated than necessary.

5. Myth: My business plan needs to be perfect before I can start my business.

If you wait for everything to be perfectly detailed, you may never start.

Solo Entrepreneur Reality: If you have at least a first draft that answers those ten basic questions, you are ready to launch your business! Make your business plan a living, evolving document. In the startup stages, review and update your plan every 2-3 months. As you grow and stabilize, you can slow down the review cycle to every 6-12 months. All business plans should be reviewed and updated at least once a year.

6. Myth: I have to do everything I say I’m going to do in my business plan, or I’m a failure.

Many Solo Entrepreneurs never start because of this myth-which leaves them feeling that the success of their future business suddenly rides on each stroke of the pen or click of the keyboard!

Solo Entrepreneur Reality: Think of your business plan as a roadmap for a trip. Expect to take some detours for road construction. Be flexible enough to take some exciting, unplanned side trips. And don’t be surprised if instead of visiting Mount Rushmore, you decide to go to Yellowstone, if that turns out to meet your vacation goals better!

7. Myth: A good business plan has a nice cover, is at least 40 pages long, must be typed and double-spaced…

Business plans intended for investors, such as a bank or venture capitalist, must meet certain requirements that such investors expect.

Solo Entrepreneur Reality: As a Solo Entrepreneur, your business plan need only satisfy YOU. It might be scribbled on a napkin, on stickie notes on your wall, or consist of a collage of pictures and captions. It might be all in one document or scattered among several mediums. As long as you know it in your head and heart without having to look at it, and and it is easily accessible to you when you have doubts, that’s all that is necessary.

8. Myth: I don’t need a loan-so I don’t need a business plan.

YOU are the investor in your business-and would you invest in the stock of some company without seeing a prospectus?

Solo Entrepreneur Reality: Seeing your plan in black and white (or color, if you prefer!), can give a whole new view on the financial viability of your business. If “doing the numbers” seems overwhelming, remember you don’t need fancy spreadsheets. Just lay out a budget that shows where all the money is coming from (and going), and have an accountant review it for additional perspective.

9. Myth: My business plan is in my head-that’s good enough.

I don’t know about you, but I sometimes can’t remember what I planned yesterday to do tomorrow, if I don’t write it down!

Solo Entrepreneur Reality: There is a real power in writing down your plans. Some schools of thought advocate that the act of writing a plan down triggers our subconscious to start working on how to manifest that plan. And, of course, it’s a lot easier to remember when you have it in front of you. And a lot easier to share and get feedback from your non-mind reading supporters.

10. Myth: Friends and family are the best sources of feedback and advice on my business plan.

If your brother is an accountant and your best friend is a market research expert, then this might be true.

Solo Entrepreneur Reality: As well meaning as our friends and family can often be, they just aren’t the best way to get honest, objective guidance. Instead, seek out folks that have specific knowledge that will help you, are willing to be candid with you, and that have a genuine interest in helping you succeed. A business coach is one resource to consider!

Should You Write Your Own Business Plan?

If you are just starting a company and looking for funding, or looking for additional funding for growth, you will need to develop a traditional business plan. Creating a business plan is a business hurdle that entrepreneurs seem to dread. Do you do it yourself? Do you hire someone to do it? How do you get it done quickly, but without spending too much money on it? Will what you do yourself be adequate to get funding?

In this article I will discuss the pros and cons of do-it-yourself business planning versus having a business planning consultant do it for you or with you.

The Do It Yourself Business Plan

Particularly if you are seeking capital of less than $200,000, consider creating the plan yourself after taking a class or reading some books or getting some coaching for someone who has written successful business plans.

Consider taking a three-hour business planning class through SCORE or the local Small Business Development Center. Even if you decide afterwards not to write your own plan, you will have a much better idea of what you want out of the process and what to expect.

There are some good reasons for an entrepreneur to do the business plan:

  • First of all, because you can. If you’ve read sample business plans and find their accounting jargon intimidating, you are not alone. But as long as you can clearly get your message across and have other people such as you accountant look at the plan before it goes to lenders or others, you can do this work yourself.
  • It is in learning the business planning process that you develop analytical thinking skills necessary to run your business with an intimate understanding of your own business model. Going through the planning process is an invaluable business experience.
  • You need to know the plan inside and out and really understand the variables involved. You are the one who will be asked the tough questions by potential investors or lenders, such as “What will you do if only half your expected revenue comes in?” or “What will you do if you find out that direct mail is not working for you as your primary marketing tool?”

Outsourcing the Business Plan Process

Entrepreneurs are fire fighters. One of the most important jobs of an entrepreneur is to manage time, and do those things that you are best skilled to do. Many entrepreneurs decide to hire someone else to do their business plans, often because they have an urgent need for the funding and can’t afford the learning curve to be able to develop a high-quality plan that will meet the needs of lenders or investors.

In addition, if your funding requirements are more than $500,000 my recommendation is to get some professional help with this project, even if you do some of it yourself.

Some reasons to consider hiring a consultant:

  • It will get done! Business planning is done much faster with someone who knows the process. Every entrepreneur has good intentions about getting plans completed, but months later they still haven’t done all the work. Planning should be high priority work, but it is hard to get to when customer calls and employee problems require immediate attention. The sooner the plan is completed, the sooner funding can be attained. And the price of hiring the consultant will be small in comparison with the increases in growth and profitability of the business.
  • It will get done in a way financial professionals will respect. Business planning is done better by someone who knows how finance people look at plans and what they will and won’t question. Once you’ve been through the business plan process many times, you know what it takes to get funding – what to emphasize and what to play down.
  • The consultant’s objectivity will allow for non-emotionally-based projections and expectations for the business. A consultant will be much more objective in the process and question your assumptions, making it less likely that the business will have problems after the funding comes in.

No matter what, don’t let a business planning consultant talk you into putting any information into your plan that you aren’t comfortable with. If it doesn’t look right to you, it probably isn’t. It is your business, and you will be stuck with the plan long after you’ve paid the consultant’s bill. Make sure it is the plan that you want, one that matches your goals and objectives, and captures the way you look at business and the spirit of your company.

If you do decide to hire a business planning consultant, here are some of the important questions to ask to make sure you get the greatest value from your investment:

  1. How many business plans have you written for my type of business? How many of them were funded?
  2. How much time will you need of mine during the planning process?
  3. When will the plan be completed, and how many drafts should I expect to see and have the opportunity to comment on?
  4. Will you be writing the plan yourself or do you have associates who do the work with you?
  5. Will there be an opportunity for you to present the plan or for me to present the plan to my other advisors before the final draft is done?
  6. How do you work in collaboration with my partners and advisors so their input is taken into consideration during the writing of the plan?
  7. Do you do the market research and the financial spreadsheets, or are those things done separately (and charged for separately)?
  8. Does your price include revisions or customization for certain types of funding (to include different information needed by investors versus lenders)?
  9. Does your price include coaching to prepare me to talk with lenders or make financing presentations?
  10. Will I have an electronic version as well as a hard copy version of the final plan (so I can make changes later if I need to)?

The Optimum Solution: A Blended Approach

At best, the planning process should not be at either end of the spectrum, but squarely in the middle. In my experience, plans that win funding come from a true collaboration between a skilled consultant/facilitator and the entrepreneur’s team of employees and advisors.

A business planning consultant can act as a coach, first assessing the job to be done, and then recommending who is best to do it. The business plan should be a compilation of work between the vision and goals of the entrepreneur, the technical understanding and expertise of his or her accountant and other professionals, a consensus of employees or others, and the research and writing abilities of the business planning consultant. The consultant should meet with all parties involved, talk about what is needed for the plan, and use all the resources available to get the work done as quickly and cost effectively as possible. It is the consultant’s responsibility in the process to take all the pieces and make the final plan into a readable, accessible document that will stand up to investor/lender scrutiny.

My final caveats:

  • Don’t pay more than a few thousand dollars for a plan unless you are looking for capital of well over $1 million. I have heard more than a few horror stories by people who have hired university professors assuming they are the experts (they aren’t) and paying tens of thousand of dollars for a poorly written or incomplete plan. Ask your banker for business planning consultant recommendations, or better yet, talk with someone who had a good experience having a business plan written for them. It is reasonable for a consultant to expect you to pay half of the fee up front and the other half at the completion of the plan. And you can’t hold the consultant responsible if you don’t get funding based on the plan – too much is based on your own credit and management skills.
  • Don’t expect to get a finished plan that is a roadmap of everything you need to do to have a successful business. That isn’t the purpose of the business planning process. A traditional business plan is intended only to document your strategies for the business very briefly – but well enough to get funding. If you are hoping for something that will tell you how to market or how many people you need to hire, you will have to start with a deep strategic planning process, and probably buy lots of consulting time to get you going.
  • Don’t expect a great a business plan from a poor business model. If your costs are too high to make your business profitable, the business planning process will help you discover that. Then it will be up to you to make the hard decisions about changing your costs structure to make the business work. The business planning consultant is a skilled professional, not a miracle worker. A good business plan can help you highlight your strengths and minimize your weaknesses, but it cannot make an unworkable business model into a thriving business.

And one final thought: Don’t go on to start a business or make changes in your current business if everything in the business planning process tells you it won’t work. Things don’t get better out in the real world if they don’t work on paper. Deal with the weaknesses – get more training, consider product redevelopment, or have a home-based business to reduce costs until you can sustain the rent for an office. Businesses fail finally because they’ve run out of money. If your plan tells you that you can’t make enough money to make the business work for the long run, pay attention to that reality.

The Truth About An Internet Marketing Business

The internet has opened up the world and made it smaller! This is especially true for
business. The net simple gives you an opportunity to reach people you simply can’t reach
otherwise. It is true that the internet has made many millionaires at an alarming rate. But
these individual people have worked hard to achieve this. Any business works hard and
effectively to achieve this.

If you have been in the internet marketing business for some time now you will agree that
building an online business is tough! You may have in the past been pitched by a guru telling
you to buy their product as it will make you a wealthy online entrepreneur. Does it ever do
what it says on the tin? Most of the time not… But there are some good products out there
too. I don’t want to knock all of them down. Some internet marketing products have produced
good results for people.

But getting back to the point, an internet marketing business can be a profitable one provided
you have the required skills and are willing to work hard at your business. I myself work hard
to develop my business online. It is important that you do so or other wise your business will
fail miserably! Those who make massive amounts of money online are working hard but also are
working smart.

What I mean by working smart is this… Smart marketers will outsource some of the time consuming
duties of an internet business. Things like, outsourcing on building a website, outsourcing
customer queries, outsourcing SEO duties etc.. These and other duties hold up a marketers
time. So in order to free up time and do what your meant to be doing, which is marketing your
products and services, developing your business, doing the necessary research and thinking for
your business. This time allows you to communicate better with your customers and gives you
the opportunity to learn more about the needs and wants of your customers in your niche.

You see the truth about an internet marketing business is simple. The harder you work at it… in the smart way… the better you are setting yourself up for success online. There are many successful online
businesses and the reason why they are successful is because they are up to speed with all the
latest methods of reaching their customers. They have developed a good relationship with their
customers and turnover good profits each year because of this. The best way to build a business online as a beginner is through affiliate marketing. You can start off your business at a very low cost. There are people on line that are making a nice income online from affiliate marketing. Some make enough money to pay the mortgage bill. Others make enough money to buy a new holiday home every year!

But in order to get to that level, you need to become very good at what you are doing. If you feel like you are capable of using the internet to build a successful business, then I
recommend that along with your drive and enthusiasm, you need to learn from a reputable coaching system. Some one who has built up many successful businesses in the past. Please click on the link below to find out more about how you can learn from the best affiliate marketer in the business.

Part 2 of 5 On The Home Business Set-Up Guide

Part 2 of 5 On The Home Business Set-Up Guide

Dear Reader,

These articles will provide a step by step guide on how to start and run a home based business based on my experiences and other home business owners. This is part 2 in a series of 5 articles. They are written in a basic format and where possible main points are summarised in an attempt to be understood by all. I have tried to minimise the technical jargon as much as possible.

So lets jump right in and see what we need to know about starting and running a home based business.

Regards,
Alvin
http://www.parttimeincome.org

I publish Home Business Tips, a fresh and informative newsletter dedicated to supporting people like YOU! If you’re looking for the best rated home business opportunities, latest time saving tools and helpful support from a friend in the business, come by and a grab a F-R-E-E subscription today at: http://www.parttimeincome.org

Legal Structures

The legal structure of your business is very important as it is a function of liabilities and tax deduction. The most common structures are:

§ Sole trader
§ Partnership
§ Company
§ Trust

Sole Trader

When you are a sole trader you are personally responsible and liable for the business and its activities. Commonly you may start out as a sole trader, and as you expand, you will need to seek out partners or investors. Your accountant is the best person to advise you if this is the best structure for your business.

Partnership

This arrangement is where you and your partner are liable for anything related to your business. It is a very good idea to get a solicitor to write up a partnership agreement to avoid disputes down the track.

Company

This is a legal entity liable for the debts it incurs and paying tax on income. Your accountant can help you set a company up, or you can buy one off the shelf, which may be more cost effective.

Trust

Depending on your personal circumstances, and the country you live in, trusts can be useful in business and estate planning. They can be quite complex, and again, your accountant is the best person to speak too.

Registering Your Business Name

You can operate a business under your own name or register a business name. Registration of a business name allows you to operate under that name.

Select a name for your business that describes to your customer what you do. A descriptive name promotes and advertises your business more effectively.

Licences And Permits

Depending on your municipality, you may need licences and permits. Do the right thing and check with your local council. Doing the right things now will save you a lot of unnecessary leg work later.

Insurance

Often overlooked, insurance is an important part of your risk management plan. There are two types of insurance: general insurance for loss/damage of assets and risk insurance which is your personal insurance cover.

Ensure your business insurance is separate to your personal insurance.
To establish the type and amount of insurance you need for your home based business, check with an insurance broker.

Managing Risk

You must have a risk management strategy for your business. Your SWOT (Strengths, Weakness, Opportunities, Threats) analysis from article one, will show what could expose your business to loss and what actions to take to reduce that loss.

Marketing

As a home business entrepreneur, you must understand what your customers want and give it to them. You must strive to have a service or product that meets and excels your customers needs and expectations. This is what makes them come back to buy from you, and this is how you grow your profit. Try and think like your customers and you will find they want:

§ Satisfaction
§ Value for money
§ Performance
§ Reliability
§ Presentation

Don’t confuse marketing with selling. In a home based business, marketing is much much more and involves all aspects of the business- pricing, advertising, customer service to sales.

Marketing Mix

Communication with your customers is essential and develops the framework for your marketing strategy. You must tell your customers these important bits of information

§ Product- describe it in full detail, its special features and of course how it will benefit the customer

§ Price – explain your pricing strategy, don’t forget to consider your costs, discounts you will offer, payment policies

§ Promotion – choose the most effective for your type of business. If you don’t know, think about what you would prefer if you were the customer. Eg: telemarketing, flyers, e-mail campaigns

§ Place – what place will your product be so customers can find it and contact you. How will you deliver the product to your customers? You may need to consider getting a website.

Your Business Image

Even though you are running a home based business, make sure your office is comfortable and professional in appearance. Your website also needs to project the same kind of professionalism

Location

Your home based business needs its own dedicated area. Very often the living and working areas muddle into one, not allowing you to distinguish which is for work and for play. Keeping these separate is essential for running a home business. You must ensure that all family members understand this too.
A telephone is essential in your home office as it will be the first point of contact with your clients. Installing a second phone line separate from the personal line is essential along with a cell phone, answering machine and a pager. Talk to your telecommunications company, very often they have some great packages suited to small businesses.

Furniture And Equipment

Choose furniture that is comfortable and professional. This helps distinguish this area from the rest of the household.

Your office needs equipment and here are a few to get you kick started:

§ Computer
§ Chair(S)
§ Desk
§ Fax machine
§ Filing cabinet
§ Mobile phone
§ Telephone
§ Heating/cooling
§ Lighting

I hope this article has set you on the path to create your own home based business and empower you to reach your financial destiny.
In the next article, I will cover some of the ins and outs of operating a small business from home.

Start an Online Affiliate Marketing Business – Know the Advantages

The advantages of running an online affiliate marketing business compared to a traditional off-line business are numerous, so let’s look at just six, which will help you determine whether this is the type of business for you.

1. Overheads and running costs are very much lower. To start and run a successful online affiliate marketing business from your own home you will only need a computer and Internet access. You just need to compare that with the expenses involved in running a traditional business from a shop or an office and it is very clear that setting up an affiliate marketing business from home is extremely inexpensive to do. The other great advantage is you will not have expenses such as renting office space, paying insurance, hiring employees, etc.

2. Traditional retail businesses are usually required to keep substantial stocks of the products that they sell. This means that they have to rent storage space then pay an employee to unload the boxes and stock the shelves and cover other logistical costs. You are not required to stock any inventory at all, which represents a huge cost saving for an online affiliate marketing business as the merchant ships everything to your customers for you.

3. You can easily set up multiple businesses in various different niches as an affiliate marketer. You will be able to start another one once one website is up and running and bringing in a consistent income as it will not require too much maintenance. With a traditional business this is hard to do because you are generally locked into one theme for your business and the logistics required to diversify are much more complicated, making it much more difficult to expand.

4. A few traditional businesses manage to grow to a point where they are marketing on a worldwide scale, however most traditional businesses are local to their marketplace. As a successful online affiliate marketer you will attract customers from all over the world. Online affiliate marketing is a truly global business because wherever people can plug into the internet they will be able to purchase the products that you are offering.

5. An incredible amount of money can be made as an affiliate marketer. Many internet millionaires have been made in a short period of time by affiliate marketers simply selling other people’s products online. That kind of performance curve is very difficult to achieve with a traditional off-line business.

6. The fact that your online business is open 24 hours a day to make you money is a very important factor. Most traditional off-line businesses only operate five or six days a week and run from nine to five. As an affiliate marketer your business is open seven days a week, all year round, it never closes.

These six advantages of running an online affiliate marketing business that have been discussed here show you why affiliate marketing is better than a traditional off-line business. If you are not currently an online affiliate marketer and want to start a new business on a shoestring budget, then perhaps this business model would be worth looking into.

Ethics in Business – Please Have Some

Is your business ethical?

What I mean is “Does your business do the right
thing when faced with that decision?” It’s a
simple question, which many businesses struggle
with. I just don’t understand the struggle part?

I have worked for companies that believed they were
ethical, and really have no clue. Meaning the
decisions they make everyday towards their customers
and employees does not advocate ethics.

So, what is it? When someone in business gives you
their word and then reneges, that is unethical.
Your word is your promise. Even if it is your
business making the statement.

Doing good business and being a good employer is
more than your product or people, it is the guidelines
in which you do that good business. I’m disappointed
in how many unethical businesses exist today. I have
worked for some of them and they just don’t get it…
they ‘talk tough’ but when the decisions are made I
can’t fathom what motivated them come to their decision?
It was not necessarily ‘doing the right thing’.

Yes, I know profits are pinnacle to most, but that IS NOT
the bottom line! The bottom line is how your customer,
partner, client or prospect walked away from their
experience. What’s so hard to get? It also helps
you feel good about yourself and your business, and you
should sleep better too!

Treat them the way you want to be treated… I mean it!

Don’t say something you have no intention of backing up
with your action. Keep your word in business, in
compensation promises, in client promises, in doing good
business. This is pinnacle!

I don’t want to ramble here, but some businesses need a
wake-up-call (yesterday). What puzzles me is why?
When you do good business, you get more good business.
I’m not just talking about the Enron’s or Arthur Anderson’s
of the World, I’m talking about every type of business out
there, in every industry.

If each one of us refused to do business with these
unethical companies – we would have a lot fewer of them.

Be one of the ethical ones. Do good business, keep your
word, don’t venture into gray areas, and do the right thing!
Sure, it will occasionally cost you something, but it will
pay you back, and it won’t cost you your dignity or pride or
any client worth having. Isn’t your business worth it?
Or how about your personal reputation?

Try this: The next few times you’re faced with ‘doing the
right thing’? Well, when you ‘do it’ – do it with extreme
pleasure!*

*This will pay you and your business back ten-fold. Why?
Because that person (customer, employee, client, etc.) is
going to tell at least 3-12 other people (potential
customers who like to be treated well too). Remember, you
did it with extreme pleasure, they’re not just going to say
they received a refund, or a promotion, – they’re going to
be jumping up and down at how well their situation was handled!

- Make someone else’s day! – you’ll be surprised at how
well your day goes.

I look forward to running into more good business out there
– hopefully yours.

Remember – Doing good business rewards your business with
more of it… we’re all here seeking to do business with
reputable firms, let’s do just that.

The upside? If your business does good ethical business?
Then you are already ahead of a good chunk of your competitors!
There’s opportunity here. Keep up the good work, partner with
other ‘like types’ and only do your personal business with other
more ethical companies, like yours. We could see a decrease in
our unethical competition very soon.

Thank you for allowing me to voice my thoughts and encourage the
type of business that helped this Country, it’s people, and every
business – Grow and prosper.

Good luck in your business promotions!

Online Network Marketing Business – Will Yours Survive the Year Ahead?

If your online network marketing business is going to survive the upcoming year you need to make sure a few crucial components are in place. Every year thousands of aspiring entrepreneurs enter a marketing opportunity full of hope and brimming with energy. And sadly, every year many will walk away from their “business” after investing thousands of dollars and countless hours with nothing to show for their efforts but a pile of debt, an exhausted body and a defeated spirit. You can increase your chances of success and avoid becoming one of these pitiful statistics by ensuring that your online network marketing business has the critical ingredients included.

The first and most important component is a successful, proven operating system. Have other marketers been successful with the system you are using? If you have done your research and have seen proof that you are using a workable, profitable business model then you are off to a good start. If you don’t have this confirmation, or your research shows a definite lack of proof, you may want to start looking for a new opportunity before you are run into the ground.

A successful system should include a lead generation process, an email auto-responder, and an automatic closing system. These can take many forms depending on the type of business you may be in, but all are crucial to generating more sales and freeing up your time to focus on the critical components of running your business that require your personal attention or presence.

A lead generation process may seem like a “duh” component in network marketing, but I’m not talking about dialing random numbers from a phone book. You need a process that sorts and qualifies your leads so you don’t end up wasting your time on uninterested prospects or the myriad tire-kickers surfing random opportunities looking for that “no work, get rich quick scheme.” Don’t even bother with either of these types of people. You want to focus on the few prospects who are serious about your business opportunity and qualified to run a business.

The email auto-responder is a must-have for anyone running a business online. If you don’t have one of these in place you’re wasting your time even generating leads in the first place. Research shows that it can take an average of five to seven contacts before a prospect feels comfortable enough to open their wallets. If you aren’t contacting your leads through an auto-responder you are missing out on at least 20 percent of your potential income. That is the 20 percent difference between you staying in business and being driven into the red by lead generation expenses.

Your business should also include a closing system that closes sales for you 24/7 without your direct involvement. This can be accomplished in many different ways. An online merchant account is usually the best choice for handling sales by credit card.

The next element that must be in place is a product or service that is in demand. It is much easier to find a product to sell to a ready market than to find a market to sell your product to. Find a group of people who have a pressing need or problem and then fill that need, fix their problem. You will have prospects throwing their money at you if you simply offer a solution to the problems they are facing. Don’t bother trying to convince the masses that your product is the best and that everyone needs your product, they just don’t know it yet. You will never make a profit until you offer a product or service which provides the solution to the burning need of the market.

Make certain that the market you choose is also able to afford the solution you offer. You will not gain anything by offering a solution to a market with a burning need if the market cannot afford your solution. You will simply attract tire kickers and individuals looking for a hand-out.

You must also have a high quality product to offer. A good product builds a reputation for itself and creates repeat customers for those who market it. People will come back to you again and again if they know you will offer them high quality solutions. And you will find that they are happy to pay good money for top-end offers. Do not short change your business or hurt your reputation by offering an inferior product at a ridiculous price. No matter how great the compensation plan it can never cover the expense of offering a cheap, useless product. Only offer the best-the right people will be pleased to pay for quality.

The next component to be covered is perhaps the number one factor that causes 80-90% of all small business start-ups to shut down in the first few years. This key component will likely make or break your online network marketing business this coming year. To make sure your business has what it takes to survive, be sure to check back for Part II of “Will Your Online Network Marketing Business Survive the Year Ahead?”

Internet Marketing Business

Internet marketing business is a term that includes all aspects of marketing products or services online. Narrowing down a bit, it means the business of strategising for the online promotion of a product or service. An Internet marketing business encompasses smaller but equally important activities – strategic website design, compelling copywriting, search engine optimization, search engine submission, reciprocal linking, online promotions, blogging, email marketing, and a lot else.

Internet marketing business is also known by other names as web marketing business, online marketing business, etc. Internet marketers are constantly searching for and improving upon newer online marketing strategies that will help them drive more and more targeted traffic to their websites, resulting in an increase in sales. In other words, an Internet marketing business is all about exploring techniques and options that support and enhance the broader marketing objectives of a business.

Any newcomer to the Internet marketing business should concentrate on search engine optimization, for the most traffic still comes to websites through search engines and directories. Besides, he or she should learn to generate targeted traffic online, conduct banner promotions, write superior content, and improve overall brand awareness.

A concrete strategy is a definite plus for any Internet marketing business. It provides you with a measurable way to target your market. This, in turn, makes it easy for people who are looking for what you have to offer. They can find you more easily and without any hassles.

Traffic can be increased by search engine marketing, or by using pay per click campaigns. However, when all that is said and done, it should be emphasized that traffic marketing is not sales, and all visitors are not customers. So the next logical step is to place your attention on the visitors who have reached your site, and then try and convert them into customers of your product or service.

An Internet marketing business differs in many vital ways from a conventional, brick-and-mortar business. One of them is the key factor of human interaction. When a visitor enters a physical store they are facing solid human interaction through a sales person or attendant. During this face-to-face contact, more than ninety percent of the communication that takes place between the two people is non-verbal in nature. An Internet marketing business does not offer that scope of non-verbal communication. Impersonal background code of a website storefront takes the place of warm human interaction. However, that problem can be solved by good content positioning if you have identified your target market well enough.

An Internet marketing business is not hard to coordinate, nor is it too expensive. All you have to do is plan wisely and put that strategy into action. Proper implementation is half the battle won.

Top 3 Ways to Connect With Successful Real Estate Investors

If you’re just starting out in the real estate investing industry, then it’s important to surround yourself with the right mentors and coaches. Surrounding yourself with the right people will save you from making basic rookie mistakes that can cause you unnecessary stress, time with your family and money.

The top 3 real estate investing tips in order to make lucrative business connections are below:

1. Informational Teleseminars/Webinars:

Real Estate Investing Teleseminars are normally held on a weekly basis and host a different guest speaker each week. Successful real estate investors spend a lot of time speaking about their specific area of expertise and the best way to reach a large group of people without traveling all over the country is to speak on these. Most of the real estate investing teleseminars has a minimal charge for listening in on these calls and occasionally there is no charge. The guest speakers normally will offer an opportunity to work with him personally or buy his product. The Teleseminar gives you the chance to check the guest speaker out to see if it is something you’re interested in pursuing.

2. Live Events:

If you have the money and time to travel then there are many real estate investing boot camps out there. It should not be too difficult to find an event near you so you can plan ahead. Teleseminar hosts can normally let you in on upcoming boot camps as they usually partner with most of the speakers and help them promote their events. Attending one of these events also gives you the chance to meet the successful investor in person. This is also a great networking opportunity because there are usually other successful investors speaking or hanging around the events as well.

3. Offer Your Services In Exchange For Knowledge:

Another way to connect with a successful real estate investor is to try to contact them in order to offer your services in exchange for their coaching or mentoring. Most investors are bogged down with daily business details and would jump at the opportunity. Ways to find out how to contact the speakers are:

a. Ask a Teleseminar host for direction in which speaker is most accommodating
b. Do a Google search for the desired mentor to see if an email or phone number is available for them
c. Search social networking sites and try to contact them that way

If you’re looking to be a successful investor yourself, then it is important to surround yourself with a group of coaches and mentors that have a proven track record. Most successful investors love people and making friends so don’t waist another minute researching your next real estate deal attempt on your own. Follow the above 3 steps and you’ll be making money utilizing wisdom in no time.